The NRP Group is developing its fourth community that focuses on mixed-income housing and wellness.
Thrive on Crawford will bring 67 units of affordable and market-rate housing to Fort Worth, Texas, as well as 2,200 square feet of space for JPS Health Network to serve residents and the surrounding community.
Positioned next to a key site in JPS Health Network’s $2.1 billion bond program expansion, the development will be part of a broader vision to enhance health care services across Tarrant County.
Sixty units will be reserved for residents earning 30%, 50%, and 60% of the area median income, with the remaining seven apartment homes set aside as market rate. Thrive on Crawford will provide essential housing options for health care workers, young professionals, and families, offering an urban lifestyle close to boutique shops, restaurants, and entertainment venues.
The development will feature a variety of one-, two-, and three-bedroom apartments with high-end finishes. Amenities will include a business center, a community kitchen and lounge, a fitness center, a children’s playroom, and an outdoor playscape. The community will offer a comprehensive resident services program, including adult literacy workshops, financial training, and youth after-school and summer programs.
“Thrive on Crawford exemplifies The NRP Group’s commitment to providing more than just housing to our residents through nontraditional partnerships with organizations like JPS,” said Max Whipple, vice president of development at the firm. “This project is a testament to how hospitals can play a transformative role in their communities, setting a new benchmark for development that mitigates social determinants of health throughout Texas. Thrive on Crawford is the culmination of years of collaboration with local organizations and financial partners, including Red Stone Equity Partners and CVS Health, to create an amenity-rich, wellness-focused multifamily community in a prime, high-opportunity location.”
The firm announced that it has closed financing on the $21.8 million development with tax credit equity investment from CVS Health, through a fund managed by Red Stone Equity Partners, and additional funding partners JPMorgan Chase and Berkadia. Other partners include Near Southside Financing Zone TIF and Texas Department of Housing and Community Affairs. Wynne Jackson and Servitas helped co-develop the community.
“We are incredibly proud to support The NRP Group in developing a project that not only provides housing but also delivers essential health, wellness, social, recreational, youth, and financial services to the community,” said Annette Reschke, executive director of Chase Community Development Banking. “Housing with access to vital services ensures residents have the resources they need to thrive.”
“We are grateful and proud to have partnered with NRP, JPS, CVS Health, and all of the project participants to provide high-quality, safe, healthy, and affordable housing for 67 families here in Tarrant County,” added Darren Swanson, managing director of Red Stone Equity Partners. “This cutting-edge investment sits at the intersection of health and housing and was made possible by the low-income housing tax credit, our nation’s most successful housing program with a 38-year track record of success and a model of what public-private partnerships are all about.”
CVS Health’s investment in Thrive on Crawford is a local demonstration of the company’s mission to improve the health of individuals across the country.
“Thrive on Crawford marks a pivotal moment in our commitment to providing affordable housing solutions to the residents of Tarrant County,” said Karen Duncan, president and CEO of JPS Health Network. “This development is dedicated to fostering a vibrant community that prioritizes wellness and the stability of those who live and work in the area. We are pleased to partner with The NRP Group on this essential project, which is a core component of JPS Health Network’s strategy to build a more resilient community where every individual can thrive.”
The community marks The NRP Group’s fourth “health and housing” development and the company’s first in Texas. The Dallas metro area remains a priority market for The NRP Group. The firm has developed over 6,000 units across 27 properties in the region and recently broke ground on a new affordable housing development, The Fielder, in Mesquite.
